Rangers fans called on the club yesterday to suspend chief executive Graham Wallace as the police probe allegations that he misled shareholders at last December’s annual general meeting.

Ibrox shareholder Phil Maher has lodged a complaint with Police Scotland based on comments from Wallace who claimed that Ibrox had sufficient funds in place to operate the club until May, despite taking out a £1.5 million loan.

Officers confirmed at the weekend that they were investigating allegations that Wallace had contravened the Companies Act.